Paul Krugman

@paulkrugman ↗

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Last Checked July 18, 2021

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Sun Jul 18 15:49:38 +0000 2021

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Paul Krugman @paulkrugman

It seems clear to me that the less-used measures are telling a more accurate story: used car prices and hotel rates don't belong in core inflation. Markets seem to get that; economic reporting less so 3/ — PolitiTweet.org

Posted July 18, 2021

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Paul Krugman @paulkrugman

Which measure of core inflation should you use? It didn't really matter: they all told the same story — until now. But in the post-pandemic, conventional core is running very hot, while other measures, especially median inflation, not 2/ — PolitiTweet.org

Posted July 18, 2021

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Paul Krugman @paulkrugman

You really don't want to make too much of daily market movements. But for what it's worth, the story as of now seems to be Larry Summers on his head: plunging stock prices AND plunging bond yields amount to a declaration that stimulus looks inadequate — PolitiTweet.org

Posted July 19, 2021